[ASTEEL] Acquisitions on 23-Apr-2013

Stock
[ASTEEL]: ASTEEL GROUP BERHAD
Announcement Date
23-Apr-2013
Listing Date
24-Apr-2013
New Type/Class?
No
Type
Acquisitions
Details
ACQUISITION BY YUNG KONG GALVANISING INDUSTRIES BERHAD (“YKGI”) OF THE REMAINING 45.51% EQUITY INTEREST IN STARSHINE HOLDINGS SDN BHD (“SSH”) NOT ALREADY OWNED BY YKGI, FOR A PURCHASE CONSIDERATION OF RM16,611,579 TO BE SATISFIED VIA THE ISSUANCE OF 33,223,158 NEW ORDINARY SHARES OF RM0.50 EACH IN YKGI (“YKGI SHARES” OR “SHARES”) AT AN ISSUE PRICE OF RM0.50 PER YKGI SHARE (“ISSUE PRICE”) (“ACQUISITION”)
No. of shared issued
33,223,158
Issue Price
MYR 0.500
Par Value
MYR 0.500
Total NOSH
228,758,058
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